Charity Registration Number-. 1189278
Team Rise
IA company limited by guarantee)
Annual Report and Financial Statements
For Year Ended 31￿ December 2023
Debra Fox
8 Park Avenue
Chatburn
BB7 40F

Team Rise
Contents
Reference and Administrative Details
Trustees, Report
Statement of Trustees, Responsibilities
Independent Examiners Report
Statement of Financial Activlties
Balance Sheet
Notes to Financial Statements
8t014

Team Rlse
Reference and Admlnlstratlve Detalls
Trustees
Tina Wilson
Michael Kelly
Lorraine Richardson
Nick Stratton
Principle Offlce
Team Rise Place
Back Richards St
Brierfield
BB9 5HT
Registered Offite
Team Rise Place
Back Richards St
Brlerfield
BB9 5HT
Charlty Reglstratlon Number
1189278
Independent Examlner
Debra Fox MAAT
8 Park Avenue
Chatburn
BB7 4DF
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Team Rise
Trustees, Report
TEAM RISE has undergone extensive changes during 2023, we rolocated to our newly
refurbished building, which has far better lacllities. including a commercial kitchen, gym,
outside kitchen, garden and growing areas. The move was not without difficulties, how8ver we
are now fully settled and enjoying all our new space has to offer.
The additional space has given us the opportunity to expand our project and we now open on
Monday evenings 88 well as Monday to Fiiday, offering a wide range of both18arning and social
8¢tivities.
Our membership has increased signlflcantly, and we now support nearly 100 members each
week and will look at adding additional sessions during the corring year. The need for our
project has grown and we feel confident that any additional sessions will be welcomed by the
local communityand beyond.
TEAM RISE will be looking at being more self-sufficient and have allocated a significant space to
grow our own fruit and vegetables which will be used to produce our own meals and will also be
shared with the larger community. We have installed compost bins and a natural water supply,
again helping us to become mor8 self-sufficient, whilst havlng a positive impact on the
environment.
Fund raising continues to b8 an integral part of our prolect and the success of our fund-raising
events ensures we can continue to charge 8 nominal sum to 8ttend all our sessions. There are
no loe81 services that offei sessions, which are both tgilor made and facilitated by highly
experienced staff and volunteers. at an affordable cost and we are constantly looking at ways to
strengthen our find raising strategies.
The public profile ofTEAM RISE has also become much more prominent, and we have secured
support from some major companies over the last year. We are CLtrrently supported by Sky,
Utility Warehouse, Tesco, Asda, Burnley FC, The National Lottery, BCN, and Charter Wèlk
Marketing. More locally the support of both the Mason's and the Rotary Club is ongoing and
continues to underpin our project.
The wider community have been welcomingand we plan to be more activate in the community
to ensure gyeat community cohesion, ensuring that people with learning disabilities and autism
are active in the community and have 8 Strong community presence. Thls not only helps us feel
that we belong, but also ensures that our members break down barriers and help others
understand that people with learning disabilities have a great deal to offer and are an important
part ofthe community.
The relocation of TEAM RISE has been extremely benefici818nd hgs given us the opportunity to
develop new programmes, invite new rnembers and be far more active in our local community.
Most importantly our members aro extremely happy in their'new home" and continue to thrive,
growing in confidence, developing new relationships and having 8omethlng meaningful and
rewardingtodo.
Tina Wilson
Chalr
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Team Rise
Statement of Trustees, Responsibilities
The trustees (who are also directors of Team Rise for the purposes of company lawl are
responsible for preparing the trustees, report and financial statements in accordance with the
United Kingdom Accounting standards (United Kingdom generally accepted Accounting
Practice) and applicable las and regulations.
Company law requires the trustees to prepare financial statements for each financial year.
Under company law the trustees must not approve the financial statements unless they are
satisfied that they give a true and fair view of the state of affairs of the charitable company
and of its incoming resources and application of resources, including its income and
expenditure, for that period. In preparing these financial statements, the trustees are
required too:
select suitable accounting policies and apply them consistently.
Observe the methods and principles in the Charities SORP.
Make judgements and estimates that are reasonable and prudent.
State whether applicable UK Accounting Standards have been followed,
subject to any material departures disclosed and explained in the financial
statements and
Prepare the financial statements on the going concern basis unless It is
inappropriate to presume that the charitable company will continue in business.
The trustees are re5pon5ible for the keeping adequate accounting records that are sufficient
to show and explain the charitable company's transactions and disclose the reasonable
accuracy at any time the financial position of the charitable company and enable them to
ensure the financial statements comply with the Charities Act 2006. They are also responsible
for safeguarding the assets of the charitable company and hence the taking reasonable steps
for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on
by.. IILX To)l-I
Tina Wilson
Trustee
.and signed on its behalf
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Team Rise
Independent Examiner's Report to the trustees of Team Rise
I report on ihe accounts of the charity for the year ended 31tt December 2023 which are set out on pages 5 to
13.
Respectlve responsibllities of trustees and examlner
The trustees Iwho are also directors of the company for the purposes of company lawl are responslble for the
prepèfatlon of the accounts. The trustees consider that an audit is not required for this year fr)r this year under
section 144121 of the Charities Act 2011 and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eli8ible for Independent
examination, It is my responsibility to:
Examlne the accounts under section 145 of the 2011 Act,.
To follow the procedures laid down in the 8eneral Directions of the Charity CommI5sion under
section 14515llbl of the 2011 Act,. and
To state whether particular matters have come to my attention.
Basls of Independent examiner's report
My examination was carried out in accordance wlth the general Directions given by the Charity Comrnls5ion. An
examination includes a revSew of th@ accounting record5 kept by the charity and a ¢omparison of the accounts
presented with those records. It also includes consideration of any unusual Item5 or disclosures in the account5,
and seeking explanation5 that would be required in an audit and consequently no opinion is glven as lo whether
the account5 present a 'true and falr view. and the reporl is limited to those matters set out Sn the statement
below.
IndepÈndeht examinerfs statement
In connection with rny examination, no matter has come to rny attention:
Therefore In my oplnlon these accounts Show a'true and fair vlew of the charities accounts,
Debra Fox MAAT
12 Park Avenue
Chatbuin
BB7 4DF
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Team Rise
Statement of Flnanclal Activltles for Year Ended 31st December 2023
(Includlng Income and Expendlture Account and Statement of Total Reco8nlsed Gain5 and
Losses)
Unrestricted Restricted
Funds
Funds
Total
2023
Note
Income and Endowments
from:
Donations
12,739
171,339
184,078
12,739
42,701 214,040
42,701 226,779
Charitable artlvities
Total Income
Expenditure
Charitable Activities
259,043
44,671 303,714
Total Expenditure
259,043
44,671 303,714
Net Movement in funds
-74,965
-1,970 -76,935
Reconciliation of Funds
Total Funds Brought Forward
Total Funds Carried Forward
156,658
81,693
10,582 167,240
8,612
90,305
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Team Rise
Balance Sheet
For the financial year ending 31 December 2023 the charity was entitled to exemption from audit under
sectlon 477 of the companies Act 2006 ielatlng to small companies.
Dliector5 responsibilities..
The rnembers have not required the charlty to obtain an audit of its accounts for the year In
quèstton in accordance with section 476 and
The directors acknowledge their responsibilities for complying with the requirement of the
Act with respect to accounting records and the preparation of account5.
These account5 have been prepared in accordance with the provlslons applicable to companies subject to the
small companies regime.
The flnancial statements on pages 5 to 13 were approved by the trustees, and authori5ed for issue on 17, July
2024
And signed on behalf by..
T Wilson
Chair
2023
Note
Fixed Assets
Tangible Assets
22,387
Current Assets
Debtors
Cash In bank and at hand
li
90,305
90,305
Creditors: Falllng due within one year
Net Current Assets
90,305
Net Assets
112,692
Income Funds
Unrestricted Funds
Restricted Funds
104,080
8.612
112,692
Total Funds
112,692
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Team Rise
Notes to the Financial Statements for the Year Ended 31 December 2023
l. Charity Status
The charity is a charity limited by guarantee and consequently does not have share capital.
Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets
in the event of liquidation.
2. Accounting Policies
Summary of significant accounting policies and key accounting estimates
The principal accountillg polices applied in the preparation of these financial statements
are set out below. These polices have been consistently applied to all the years presented,
unless otherwise stated.
Statement of Compliance
The financial Statements have been prepared In accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance wlth the Flnancial Reporting Standard applicable
in the UK and Republic of Ireland - Charities SORP IFR51021
Basis of preparation
Team Rise meet5 the definition of public benefit entity under FR5 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless otherwise stated in
the relevant accounting pollcy notes.
Going Concern
The trustees conslder that there are no materlal uncertalnties about the charity's ability
to continue as a going concern nor any significant areas of uncertainty that affect the
carrylng value of the assets held by the charlty. The charity is currently c105ed due to Covid
19 with the intention to reopen once Government guidelines allow.
Exemptlon from preparlng a cashflow statement
The charity opted to early adopt Bulletin I published on 2rd February 2016 and have
therefore not included a cashflow statements.
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Team Rise
Notes to the FTnancial Statements for the Year Ended 31 December 2023
Income and Endowments
All income is recognised once the charity has entitlement to the ineorne.
Donatlons and Legaciès
Donations are recognised when the charity has been notlfied in writing of both the amount and the
settlèment dare. In the event that a donatlon is subject to conditions that requlre a level of performance by
the charity before the charity is entitled to the funds, the income is deferred and not recognised untll either
those conditions are fully rnet, or the fullilment of those conditions is wholly withln the control of the
charSty, and it is probable that these condltions wlll be fulfilled in the reporting perlod.
Expendlture
All expenditure is recognised once there is a legal or constructlve obligation to that expenditure, it is
probable settlement Is required and the amount can be measured reliably. All costs are allocated to the
applScable expendilure headingthat aggregate slmilar costs in that category. Where costs tannot be directly
attributed to particular headings they have been allocated on a basis consistent with the use of resourees,
with central staff costs allocated on the basis of time spent. and depreciation charge allocated on the
portion of the asset's Use. Other support costs are allocated based on the spread of staff costs.
Governance Costs
These include the costs attributable to the charily'5 compliarice with constitutional and statutory
requirements. includlng audlt, stiategit management, trustee's meetin85 and reimbursed expenses.
Taxatlon
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finan￿ Act 2010 and
therefore meet5 the definition of a charltable company for UK corporatlon tax purposes.
Tan8lble Flxed Assets
Individual fixed assets costing £100 or more are initially recorded at CQSt, less any subsequent accumulated
depreclation and subsequent impairment10sses.
Depreclatlon and amortlsatlon
Depreciat5on is provided on tanglble fixed assets so as to write off the e05t or valuation, less any estimated
residual value. over thelr expected useful economic life as follow5:
Motor Vehicles 25% Reducing Balance
Trade Debtors
Trade Debtors are amounts due from customers for services performed in the orclinary course of the
business.
Cash and cash equivalents
C3sh and cash equivalents comprlse cash on hand and call deposlts, and other short-term highly 1Squid
Investments that are readlly convertible to a known amount of cash and are subject to an insignificant risk
of change of value.
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Team Rise
Notes to the F5nancial Statements for the Year Ended 31December 2023
Fund Structure
Unrestricted income funds are general funds that are available for the use at the tru5tee'5 d15cretion in
furtherance of the objectives of the charity.
Flnantial instruments
Clas51flcatlon
Flnancial assets and financial liabilitie5 are reco8nised when the charity becomes party to the contractual
provisions of the instrument.
Flnancial liabilities and equity instruments are classified according to the substance of the contractual
rrangement5 entered into. An equity inslrument is any contract that evidence5 a residual interest in the
assets of the charity after deducting all of its liabilities.
Retoghltlon and measurement
All financial assets and li3bilities are initially measured at transaction prlce (including transaction co5tsl,
except for those financial assets classified as at fair value through profit or loss, which are initially measured
at falr value Iwhlch Is normally the transaction prSce excludlng transaction costs), unless the arrangement
constitutes a financing transaction. If an arrangement constitutes a financing transaction. the financlal asset
or financial liability 15 measured at the present value of the future payments discounted at a market rate of
interest for a simSlar debt instrument.
Flnanclal èssets and Ilabilities are only offset in the financial statement when. and only when there exlsts a
legally enforceable right to set off the regonised amounts and the charlty intends either to settle on a net
basis, or to realise the asset and settle on the liabilitv 5imultaneouslv.
FinancS3l assets are dereco@nised when and only when al the contractual rights to the cash flows from the
fln3n¢ial asset explre or are settled. bl the charity transfers to another party substantially all the rlsks and
reward5 of ownership of the financlal asset. or cl the thariiy, despite having retained some, but not all,
significant risks. and rewards of ownership, has t¥an5ferred control of the asset to another party.
Financial liabilities arè derecoEnised only when the obli8ation specified in the contract Is discharged,
ancelled or explre5.
Unrestricted
Fund5
Voluntary Income
General
Donations
Memberfees
Fundraisin8
12,739
95,235
76,104
Totsl
184,078
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Team Rise
Notes to the Flnanclal Statements for the Year Ended 31 December 2023
3.Income from charltable attlvitles
Unrestricted
Funds
Restricted
Funds
Charltable Activltle5
Total
2023
General
Income from Charlt3ble activities
184,078
42,701 226,779
4. Expenditure on chaTltable Actlvltle5
Support Total
Costs
2023
Direct
Rent
Light, he3t & water
Office costs
Depreciation
staff costs
Volunteers Expenses
Sundry
Service supplies
860
17,415
12,011
860
17,415
12,011
96,628
800
81,391
39,201
10,737 107,365
800
81,391
39,201
248,306
10,737 259,043
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Team Rise
Notes to the Financial Statements for the Year Ended 31Èt December 2023
5. Analysls of governance and support costs
Analysls of governante and support costs
Unre5trlcted
Funds
Governante Costs
General
Depreciation
Other Governance C05t5
363
12,506
12,869
6. Net incomlng/outgolng resources
2023
Depreciation of fixed assets
363
7. Trustees remuneration and expenses
No Trustees, nor any persons connected with them, have recelved and remuneration or any benefits
from the charity during the year.
8. Taxatlon
The charity is a registered charity and is therefore exempt from taxation
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Team Rise
Notes to the Flnanclal Statements for the Year Ended 31 December 2023
9. Tangible flxed assets
Tanglble Fixed
Assets
Furniture and
equlpment
Motor
Vehicles
Totsl
Cost
As at lJanuary23
As at 31 December
23
4,980
4,980
4,980
17,407
22,387
Depreclatlon
As at 31 December
22
Charge for the year
1,245
362
1.607
At 31 December 23
1,245
362
1,607
Net Book V?lue
At 31 December 23
3,735
17,045
20,780
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Team Rise
Notes to the Flnanclal Statements for the Year Ended 31 December 2023
10. Funds
Balance at at I
January 23
Balance at 31
Incoming OutBolng December23
Unrestrlcted
Fund5
General
156,658 184,078 259,043
81,693
Balance at at I
January 23
Balance at 31
December 23
Incomlng Outgoing
Restrlcted
General
10,582
42,701
44,671
8,612
11. Analys15 of net assets between funds
Unrestricted
funds
General
Restrlcted
General
Tota5
Current Assets
81,693
8,612 90,305
Total Net Assets
81,693
8,612 90,305
12 Analysis of net funds
Asatl
January Cash
23
Flow
At31
December
23
Cash at hand and in
bank
167,240 -76,935
90,305